Analysis
September 26, 2014
US Drilling Rigs Remain Unchanged, Canadian Rigs Rebound
Written by Brett Linton
According to Baker Hughes data from September 26th 2014, the U.S rig count for this week is 1,931 rigs exploring for or developing oil or natural gas. This count is unchanged compared to last week, with oil rigs down 9 to 1,592 rigs, gas rigs up 9 to 338 rigs, and miscellaneous rigs unchanged at 1 rig. Compared to last year the 1,931 count is an increase of 187 rigs, with oil rigs up by 230 gas rigs down by 38, and miscellaneous rigs down by 5.
The Canadian rig count increased by 52 to 429 rigs this week, with oil rigs up 44 to 246 rigs and gas rigs up 8 to 183 rigs. Compared to last year the 429 count is an increase of 39 rigs, with oil rigs up by 14 and gas rigs up by 25. International rigs decreased by 43 to 1,339 rigs for the month of August, an increase of 72 rigs from the same month one year ago. For a history of both the US and Canadian rig count click here.
